Stock Market: NSE in its release on Thursday said that NSE Group (National Stock Exchange of India and NSE International Exchange) once again emerged as the world’s largest derivatives exchange group in the calendar year 2023 in several contracts traded based on statistics published by the Futures Industry Association.
"NSE Group (National Stock Exchange of India and NSE International Exchange) has once again emerged as the world’s largest derivatives exchange group in calendar year 2023 by number of contracts traded based on statistics published by Futures Industry Association (FIA), a derivatives trade body. The National Stock Exchange of India (NSE) is the world’s largest derivatives exchange for the fifth consecutive year in 2023," said NSE in a press release.
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As per information shared by NSE in the press release, the stock exchange is 3rd in the world by number of trades in equity segments.
"NSE is ranked 3rd in the world in equity segment by number of trades (electronic order book) in 2023, as per the statistics maintained by World Federation of Exchanges (WFE). The year has witnessed many milestones such as the market capitalization of listed companies surpassing USD 4 trillion, SME listed companies surpassing the Rs 1,00,000 crore mark and the Nifty 50 index surpassing the 20,000 index levels for the first time. The number of unique registered investors on the exchange surpassed 8.5 crores at the end of the calendar year," said NSE
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The recent data is the result of year-on-year growth. Last year in November, the NSE recorded a high turnover on single day.
"NSE has witnessed year-on-year growth in a number of clients traded for the 10th consecutive year beginning 2014 to 2023 in its equity segment. The year also saw a record high turnover on a single day in the equity segment of Rs 167,942.47 crores on November 30, 2023, and Rs 381,623.12 crores on December 2, 2023, in the equity derivatives segment. The equity derivatives to cash market turnover ratio marginally declined this year from 2.86 in calendar year 2022 to 2.64 in calendar year 2023. The equity segment completed its transition for settlement of all securities on T+1 basis. In the primary market, the timeline for listing of securities has been shortened to T+3 days," said NSE
"Exchange launched the Social Stock Exchange as a segment this year which will facilitate the social enterprises (NPO and FPE) to showcase their work to a wider audience & mobilize funds through issuance of instruments such as Zero Coupon Zero Principal Bonds, thereby allowing participants to participate in philanthropic causes and bring in efficiency & transparency in the overall ecosystem. The segment has seen registrations by 42 Non-Profit Organizations (NPOs) and fund raising by one NPO," NSE said further.